The Qatar Stock Exchange index ended this week's trading down by 2.360 percent, to lose 247.120 points, compared to last week's trading, and thus retreats to the level of 10,208 points.
The financial advisor, Ramzi Qasimia, expected that most of the stocks, especially leaders, would recover in the coming period. He also said that many of the speculative stocks are now in correction territory after some profit-taking.
He added that the MSCI index review during the current week has revived trading values, as it recorded QR 4.3 billion riyals during this week, compared to QR 3.679 billion riyals for the previous week. He also said that the industrial sector was affected by the decline in oil prices during the week, in addition to selling pressures in a proactive reading by investors of the expected results for the second quarter of this year, mainly linked to the decline in selling prices of industrial products in the global markets.
He noted that the Qatar Stock Exchange index was able, at the end of the week and the beginning of the month, to put an end to the series of declines over the past eight sessions, as it rose by 0.530 percent compared to yesterday's trading.
Source: Qatar News Agency